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Oil prices swing amid economic, geopolitical uncertainty

By Steve Hargreaves, CNN

Oil prices continued their wide swings Tuesday, rising after hitting a fresh eight-month low earlier in the day as Iran, OPEC and the turmoil in Europe left investors with a lot of uncertainty.

Oil prices sunk to $81 a barrel early Tuesday after the Obama administration exempted six countries from sanctions over Iran Monday and Saudi Arabia hinted about production increases that bolstered a Europe-driven selloff already u ...

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